RE SALESPERSON - The Corcoran Group
140 West 71st Street, Lincoln Square, New York, NY 10023
Broadway & 72nd St At Se Corner
0.1 miles away
Broadway & 72nd St At Ne Corner
0.12 miles away
Broadway & 66th St At Sw Corner
0.24 miles away
Central Park West & 70th St At Sw Corner
0.25 miles away
140 West 71st Street, Apt 2J, New York, NY 10023 Affordability
Are you planning on getting a mortgage for this Lincoln Square Co-op apartment? Most co-ops require a minimum down payment of 20%, but some might even require you to put down 50% of the purchase price of more. If you’re putting 20% down on this $1,100,000 two-bedroom home that will end up coming to $55,000.
Closing costs are notoriously high in NYC, but at least you’ll avoid the dreaded mortgage recording tax which doesn’t apply to apartments in cooperative buildings. Coop closing costs are significantly lower due to this.
You’ll also be on the hook for the new progressive New York City mansion tax, which applies to every NYC property that sells for $1 million or more. Rates start at 1% for $1-1.99 Million properties and go up 3.9% for properties priced above $25 Million. You can expect to pay a mansion tax of $11,000 if you purchase this Co-op at 140 West 71st Street, Apt 2J.
Are you interested in purchasing 140 West 71st Street, Apt 2J and saving yourself a lot of money? Learn how a buyer commission rebate can save you up to $22,000.
Located at 140 West 71st Street, Apt 2J, in Lincoln Square, this two-bedroom home is listed by Steven Kramer, a real estate agent with The Corcoran Group. If you have questions about this co-op listing you can contact Steven at +15164455509.